As welfare rolls declined during the late 1990s and early 2000s,
a. states with aggressive work requirements found that their federal grants also declined
b. states with aggressive work requirements were rewarded with larger federal grants
c. few welfare recipients were able to find jobs
d. there was a significant increase in welfare spending per recipient
e. states cut back on their provision of services such as job placement and child care
D
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Economic growth occurs when there is
A) lower taxes on individuals. B) growth in government spending. C) growth in technology that increases productivity. D) more environmental regulation.
Vicki consumes meat loaf and pizza. To keep her utility constant, you must give her more of one good if you take some of the other away. This information implies that
A. Vicki’s marginal rate of substitution must be constant along her indifference curve. B. Vicki’s indifference curve must have a negative slope. C. the prices Vicki must pay for meat loaf and pizza are always the same. D. Vicki’s marginal utility from each good must be constant along her indifference curve.
If A is preferred to B and B is preferred to C, then we would expect A to be preferred to C. This property is called
For price discrimination to exist, all of the following are necessary EXCEPT
A) a downward sloping demand curve. B) an identifiable group of buyers with different elasticities of demand. C) an upward sloping marginal cost curve. D) there can be no resale of the product.